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Filtration and Contamination Control Market : Size, Trends and Forecast 2017 - 2022

The filtration and contamination control market is estimated to reach USD 39.73 Billion by 2022, at a CAGR of 5.13% between 2017 and 2022.
( PR4US.com | Press Release | 2017-05-17 22:04:59 )
The filtration and contamination control market is estimated to reach USD 39.73 Billion by 2022, at a CAGR of 5.13% between 2017 and 2022.

The market is expected to grow substantially owing to the growing demand for cleaner fuels due to stringent environmental emission standards, strong demand for filtration across on-road and off-road applications; and requirement of higher power efficiency performance among mechanical equipment and factory processes.

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The market has been segmented on the basis of application into engine and industrial segments. The industrial segment further includes industrial machinery, oil & gas, aerospace, gas turbine, power generation, and others.

The industrial machinery subsegment further includes end users in pulp and paper; chemical and petrochemical refineries; and iron, steel, and other metal manufacturing industries. The engine application segment has been subsegmented into on road, agriculture, construction, and mining and marine. In the overall market, the industrial filtration segment is expected to grow at a higher rate because of the high rate of deployment and diffusion of filtration devices in applications across the industrial machinery segment.

The market for OEM (first fit) customer type is expected to grow at the highest rate during the forecast period. Growing number of new power generation facilities and exponential rise in demand from on-road vehicles are the key factors contributing to the growth of the OEM (first fit) customer type.

Liquid filtration holds the largest share of the filtration and contamination control market. Mobile engines; process industries (including pulp and paper); chemical and petrochemical refineries; and power generation are some of the industries strongly dependent on liquid filtration. Growth of these industries in emerging economies such as China, India, Brazil, and Saudi Arabia is expected to drive the liquid filtration market at the highest rate during the forecast period.

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In 2016, North America led the filtration and contamination control market, followed by Europe and APAC. The U.S. held the largest share of the North American market, followed by Canada and Mexico.

Some of the major companies in the filtration and contamination control market include MANN+HUMMEL Holding GmbH (Germany), Donaldson Company, Inc. (U.S.), Cummins Inc. (U.S.), Parker-Hannifin Corp. (U.S.), Pall Corporation (U.S.), Clarcor Inc. (U.S.), Filtration Group Corporation (U.S.), Eaton Corporation plc (Ireland), HYDAC International GmbH (Germany), and CECO Environmental Corp. (U.S.).


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